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Real estate record and builders' guide: v. 15, no. 365: March 13, 1875

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Real Estate Record AND BUILDERS' GUIDE. Vol. XY. NEW YORK, SATURDAY, MARCH 13, 1875. No. 365 Published Weekly by m REAL ES'MTE RECORD ASSOCIATION. C. W. SWEET............President and Treasxtuer PRESTON L SWEET........Secretary. L. ISRAELS......................Business Manager TERMS. One year, in advance...........$10 00 Communications should be addressed to Nos. .345 AND 347 BiOADWAY A Bill lias been reported I\ivorably 'by tlie .Judiciary Committee of the Senate allowing life insurance Companies to loan tlieir surplus capital out of the State. It is needless for us to say that its effect, if passed, will be injuri¬ ous to all real estate interests. Owing to the tax upon mortgages, about the only lenders ave life insurance companies and savings banks. Oue would think that as tliej^ are exempted from taxation on mortgages that it was a suf¬ ficient protection, but tlie greed of life insur¬ ance companies seems to have no bounds. To withdraw this only source of supply, particularly at this time, just as real estate be¬ gins to recover from its long quiet state, will be disastrous to real estate interests. We understand that there are remonstrances out in opposition to the measure, and we hope to see a general protest on the part of property owners. THE METROPOLITAN TRANSIT COMPANY. It is but riglit that, amidst all the disorgan¬ ized and somewhat confused action of numer¬ ous bodies of men, the Metropolitan Transit Company should remind the public that it possesses the right to construct an elevated road with two tracks, from Bowling Green to the Grand Central Depot, under a charter granted in 1873. The charter was complied Avith on December 34th last, when Peter Cooper laid the corner stone at the comer of Morris and Church streets. All the surveys and estimates of the section south of Four¬ teenth Street have been made sufficient to en¬ able the execution of a contract for its con¬ struction when the necessary capital is secured. For that purpose the company now offers its stock and bonds for public subscription at par. TJie capital is to be limited to two mil¬ lions of stock and one million of bonds. All the stock and bonds of the company will be registered at Duncan, Sherman & Co.'s, to whose order all subscriptions are to be paid in five installments. Tlie officers now constitut¬ ing the Board of Directors are perfectly will¬ ing to submit to a new election by subscribers, but in so far as they form the only nucleus now in existence for the construction of a steam road through the heart of the city, they claim that the money which property owners desire to devote to rapid transit sliould he .mbscribed on their books. Mr. Harvey, the engineer of the road, has built tlie Greenwich Street elevated road, with what success is now well known, and it is a favorable sign that the company has engaged his services to bring its enterprise to a still grander success. TAXING MORTGAGES. "We again urge the importance of abolishing restrictions npon.capital, and call upon all who are interested in such a reform to concert some action that will advance, if it does not immedi¬ ately compel, the abolition of the tax on mort¬ gages. We assume that public sentiment in localities where capital is most abundant is fully alive to the necessit}'' of such a measure and we believe that a fair and logical appeal to the opinions of people wiio are not govern¬ ed by prejudice will aid in changing opposing sentiment. The Legislature should be called upou, and if success does not at once follow, there is no reason why tiie demand for relief should not l)e persistently urged until it be¬ comes effectual. Will not some of our real estate owners and capitalists attend to this matter ? CONYEYANOES. NETV YORK. March 4, 5, 6, 8, 9,10. Broad st. (No. 41). Teunis Quick to William H. Quick. (All title.) March 3.........§1,900 Same property. William H. Quick to Marga¬ ret M. Quick. (All title.) March 4....... 1,900 Boulevard, e. s., at centre line bet. G3d and 64th sts., runs east41.7 x south to e. s. Boule¬ vard, X north to beginning. Philip G. Weav¬ er to Lambert Suydam. (C. a. G.) Febru¬ ary 9.....................................nom. Bowery, e. s., 150.1 n. Rivington st., 24.11x186 to an alley. Robert Cochran (Ref.) to Catha¬ rine E. Dick, White Plains, N. T. (Par¬ tition) ..................................51,500 Charles st.,.n. s., 34.2 e. 4th.st., 16.8x74, h. & I. Jeremiah Pangburn and Etnnaor K. Adams to Henry Thole. March 1..................14,100 Charles st., n. s., 92e. West st.,-22x101.8x^2x 101.6 (runs to alley on rear). (Partition.) John L. Shirley to Luke Slater and Alexan¬ der Reid. March 4.......................9,200 Henry st., s. s., 215.3 e. Scammel st., 24x>^ block. John Jacksou to Bernhard Joachim. Feb. 27....... .........:....:........... 26,000 Houston st. (Nos. 191, 193, and 195), s. s., 40 e. Orchard St., 60x31. Josephine Sutherland (Mother and heir of Henry J. Mesick) to Si¬ mon and Isaac Scheuer. (Q. C.) February 19.......................................nom. Maiden lane (No. 49), 24x139x22x136.8. Ra¬ chel Jacobs to Henry Levy. (}4 part.) (Q. C.) March 1................___.........nom. Same _property. Mary. Hvife of Lewis' S. Levy to Henry Levy; (Q.C.) March 1........nom. Same property. Caroline Levy (widow), Es¬ ther Levy and others (heirs of Mark Levy) to Henry Levy. April 20,1867..............nom. Same property. Henry Levy to Lewis S. Lew. (C. a. G.) March 1.......................58'^185 Orchard st., e. s., 87.6 n. Grand st., 25x87.6, h. & I. Hermann Weigand (Guard.) to Rosalie wife of Hermann Weigand. (Morts. §23,000.) (C. a. G.) Jan. 9........................nom. Prospect pl., e. s., 33.9 n. 42d st., 16.8x.58. (Foreclos.) Stephen J. Bidlack to Walter L. Cutting (Exr.) (Morts. §5,000, int. from July 1, 1873.) March 8........................2,000 Prince st. (No. 118), s. s., 80.2 w. Greene st., 20x71.3x20.1x71.3. William Man (Ref.) to Charles Banks. Dec. 26, 1873...........17,400 Reade st., n. s., 21^5.2 e. Greenwich st., 2.5x53. James Hopkins, Catskill, William H. Van Orden, Mary E. Hopkins, and Samuel M. Cor¬ nell (Exrs. of Henry Hopkins) to Edward M. Harrison. Feb. 23......................12,000 4th St., 8. s., 175 w. Av. D, 18.9x96.3, h. & 1. Rosa wife of Isaac Schreiber to George B. Hiekok. March 4.......................12,U0O 7tu St., n. s., 77 w. Av. D, 38x73. Catharine 15. wife of Cormick Gillespie, Brooklyn, to Wil¬ liam J. Cole. Feb. 28. Exch. and......nom. 7Tn St., s. s., 252.1 w. Av. T>, 22.8x90.10. Fred¬ erick W. Hahn to George Bardes. Feb. 23.14,050 7th St., n. s., 275 w. 1st av., runs west 25 x north 89.11 X east 10.2 x north 3.6 x east 6.10 x north 2 X east 8 x south 95.4 to beginning. William F. Hibbard, Bay Port, L. L, to Cornelia G. Hays (widow).' (All title.) March 3.....nom. 9th St., s. s., 313.3 e. Av. B. 20x76. Elias Spiu- garn (Assignee) to John M. Oest. Feb. 8.nom. 12th St., s. s., 119.10 e. Washington st., 75..5xS0. Adam Norrie and James B. Johnston to Jacob Schmitt, Brooklyn. Feb. 26.............18,000 13th St., n. s., 175 w. 7th av., 25x103.3. {)4 part.) Bernard King to Patrick McCann. (Sub. Morts. §6,000). .■■....................nora. 14th St., n. s., 266 e. Av. A, 25x103.3, h. & 1. (Foreclos.) Edward D. Gale (Ref.) to John F. Wurthmann. March 10...............14,750 17th St., s. s., 363 e. Av. B, 25x92, h. & 1. Ter¬ ence Farley to Claus Kohnken, Brooklyn. March 1.................................14,000 23d St., s. s., 78.6 w. 2d av., 21.6x98.9, also strip on e. s., 60 s. 2od st., 0.6x38.9. Mary Ann wife of John Gillespie, Philadelphia. Pa., to Anna wife of Peter Whearty; • (Q. C.) (Correction deed.)......;............................nom. 27th St., n. s., 160 av. 6th av., 20x98.9, h. & I. (Foreclos.) WilHam Sinclair to Jeremiah Pangburn, Friederich Knubel, and Charles Shultz. March 3........____..........11,.525 30th St., s. s., 128.9 6. 3d av., 18.9x98.9, h. & I. Emanuel Meyer to Kate wife of Ferdinand Heinbach, Chicago, 111. Feb. 26.........12,.500 32d st.,n. s.,.588- w. .5th av., 18x98.9, h. &L Frank Hastings-Hamilton to Elias G. Drake, Jr. March 4___......................... nom. Same property. Elias G. Drake, Jr., to Mary Gertrude wife of Frank Hastings JBLamilton. March 4........................'.........nom. 34Tn St., s. s., .550 e. Sth av., 16.5x98.9, h. & I. Lucinda C. Avife of George Marsland to Mary E. Wilder. Feb. 10 ....................22,000 3.5th St., s. s., 2.50 e. 2d av., 25x98.9.......... \ 35th St., s. s., 400 w. 1st av., 25x98.9......... f Sarah R. wife of Randall Holden, Huntington, L. I., to Francis H. Slade, Kilian Van Rens¬ selaer, George E. Dodge, and Robert Hoe. Jr. March 5.................................20,000 38th St., n. s., 125 e. 9th av., 25x98.9. John Fischer to John T. Seaman. Feb. 1..... 9,200 39Tn St., n. s., 300 w, 9th av., 25x98.9. Mich¬ ael Rudolph to Isidor Falk. March 5___10,000 40th St., n. s., 280 w. Sd' av.,' 2Sx9S.9. William H. Clowy to Garrett Kinsella, Troy, W^ill Co., 111. (Xpart.) Feb. 17...................nom. 40th St., s. s., 275 e. 6th av., .50x98.9. Simon and Isidor Wormser to Cornelius O'Reilly. Feb. 23...................................50,000 40th St.; s. s., 156.8 w. 9th av., 18.4x98.9. Sid¬ ney B. eiine to John M. and Agnes Mayer. Feb, 27.'......................,............13,000